Published 20 days ago • loading... • Updated 20 days ago

Fox Corp. Gets Q2 Profit Boost From Political Ads, Sports

Summary by Variety

Fox Corporation saw profit in its fiscal second quarter surge due to its reliance on news and sports programming, with ads tied to the 2024 presidential election and big-audience MLB and NFL telecasts giving a boost to operations at the company. The owner of Fox News Channel and the Fox broadcast network said net income attributable to the company came to $373 million, or 81 cents per share, compared with $109 million, or 23 cents per share in…

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The Wrap

Fox Profit Surges on Strong 2024 Political Advertising

Fox’s holiday quarter sales jumped 20% to surpass $5 billion, the media giant reported on Tuesday morning, thanks in large part to a surge in political advertising tied to the 2024 presidential election. The company also pointed to higher MLB playoff ratings — which culminated with a Los Angeles Dodgers-New York Yankees matchup in the World Series — and Tubi’s continued growth as key drivers during the company’s fiscal Q2. Overall, Fox’s quarter…

20 days ago·United States

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Bloomberg

Fox Sales, Profit Surge in Presidential Election-Fueled Quarter

Fox Corp. shares rose as much as 6.9% to their highest level in almost six years after announcing quarterly sales and earnings that beat Wall Street forecasts, in part, on higher political ad spending. The company also revealed plans to launch a new streaming service before the end of the year.

20 days ago·United States

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Variety

Fox Corp. Gets Q2 Profit Boost From Political Ads, Sports

20 days ago·Los Angeles, United States

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Deadline

Fox Corp. Rides Ad Sales Boom From Sports And Political Coverage In Strong Fiscal Q2

Fox Corp. exceeded Wall Street expectations in the October-to-December quarter, riding a surge of advertising revenue from news and sports. The company posted earnings per share of 81 cents and revenue of $5.08 billion in its fiscal second quarter, which ended December 31. Wall Street analysts’ consensus forecast was for revenue of $4.82 billion (+14%) and earnings per share of 64 cents (up from 34 cents in the year-earlier quarter). The O…

20 days ago·Los Angeles, United States

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The Hollywood Reporter

Fox Corp. Soars to Big Quarter Fueled By Election Spending and Live Sports

CEO Lachlan Murdoch unveiled plans for a direct-to-consumer streamer to be launched by the end of the year to target consumers no longer embracing the traditional cable bundle.

20 days ago·Los Angeles, United States

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Radio & Television Business Report

Fox Knocks It Out Of The Ballpark In Fiscal Q2 | Radio & Television Business Report

Fox Corporation shares were on the rise across Tuesday morning, as investors responded positively to a fiscal Q2 2025 report card that saw the owner of FOX Television Stations enjoy earnings per share that surpassed Street expectations by a whopping 50.2%. Please Login to view this premium content. (Not a member? Join Today!)

20 days ago

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